Avantor Inc (NYSE:AVTR) Breaks 52 Week High Record Of $18.21

AVTR
AVTR

Avantor Inc (NYSE:AVTR)

June 12th, 2019

Amidst falling markets Avantor Inc closed Wednesday up 3.35%, a $0.59 increase to close on $18.19. Furthermore it hit a new 52 week high of $18.21. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 1.52.

AVTR outperformed the rest of the Healthcare sector which went up 0.51% today.

Results from 16 analysts points to the possibility that Avantor Inc might rise quite a bit (17.52%), while Finbox has calculated (with very high uncertainty) a fair value price of $15.06.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Utilities saw the biggest increase of the day (1.33%), while the Energy sector saw the biggest drop (-1.44%). Information Technology has seen the biggest year-to-date gain of 23.06%.

Utilities saw the biggest turn-around compared to its 5-day performance (-0.31%), as it went up by 1.33%. Energy and Financials both saw turn-arounds from their five day positive performances with Energy dropping -1.44%.

Sector Breakdown

  • Utilities, up 1.33%.
  • Healthcare, up 0.51%.
  • Materials, up 0.31%.
  • Real Estate, up 0.26%.
  • Industrials, up 0.20%.
  • Consumer Staples, up 0.04%.
  • Consumer Discretionary, down -0.11%.
  • Communication Services, down -0.28%.
  • Information Technology, down -0.58%.
  • Financials, down -0.95%.
  • Energy, down -1.44%.

Avantor Inc Info

Avantor, Inc. develops, customizes, manufactures, and supplies products and services to customers in the biopharma, healthcare, education and government, and advanced technologies and applied materials industries. The company’s materials and consumables include ultra-high purity chemicals and reagents, lab products and supplies, formulated silicone materials, customized excipients, customized single-use assemblies, and process chromatography resins and columns, as well as analytical sample prep, education, and microbiology and clinical trial kits. Its equipment and instrumentation products comprise filtration systems, virus inactivation systems, incubators, analytical instruments, evaporators, ultra-low-temperature freezers, biological safety cabinets, and environment supplies. The company also provides onsite lab and production, clinical, equipment, procurement and sourcing, and biopharmaceutical material scale-up and development services. Avantor, Inc. was founded in 1904 and is headquartered in Radnor, Pennsylvania.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Avantor Inc’s score is 1.52) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

AVTR daily update
AVTR daily update

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